Vijay Mallya’s assets seizure: The list keeps growing

The latest seizure is worth Rs 6,630 crores as per market value. Earlier, Rs 1,411 crore worth assets were seized.Billionaire Vijay Mallya under investigation by CBI and ED for bank loan default left India for UK on March 2. CBI and ED are probing two cases against Vijay Mallya for a loan default of nearly Rs 7,000 crore. The banks had extended credit facilities to Mallya’s Kingfisher Airlines in 2010.

ED has issued three summonses asking him to appear before the agency. Mallya didn’t turn up.

The latest seizure is worth Rs 6,630 crores as per market value. Earlier, Rs 1,411 crore worth assets were seized. The total value of properties and assets seized by the Enforcement Directorate now stands at Rs 8,044 crore

6. In first attachment, 9 assets of industrialist Mallya and United Breweries Holdings Ltd (UBHL) worth Rs 1,411 crore. This includes four properties in UB City, Bengaluru — (commercial and a residential tower) — and one residential apartment in south Mumbai, besides 4.5 acres of factory plot in Chennai and 27 acres of coffee plantation in Coorg

7. Apart from this, bank balance of Rs 34 crore indirectly held by Mallya has been attached. The said account is in the name of PE Data — suspected to be a shell company created by him